Deutsche Bank AG (DB) Shares Gap Down to $13.47
Deutsche Bank AG (NYSE:DB) gapped down prior to trading on Tuesday . The stock had previously closed at $13.46, but opened at $13.47. Deutsche Bank AG shares last traded at $13.73, with a volume of 4,014,251 shares changing hands.
Several research firms have commented on DB. Vetr lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating and set a $20.15 price target on the stock. in a report on Friday, April 29th. Keefe, Bruyette & Woods lowered shares of Deutsche Bank AG from a “market perform” rating to an “underperform” rating in a report on Friday, April 29th. Zacks Investment Research lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. DZ Bank AG reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 28th. Finally, Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Monday, June 13th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.00.
The firm’s market capitalization is $18.77 billion. The company’s 50 day moving average price is $14.01 and its 200-day moving average price is $16.56.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA raised its position in shares of Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,282 shares of the company’s stock after buying an additional 51,770 shares during the period. BNP Paribas Arbitrage SA’s holdings in Deutsche Bank AG were worth $7,107,000 at the end of the most recent reporting period.
Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).
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